Examlex
How can specializing in lending help to reduce the adverse selection problem in lending?
Preferences
Refers to the subjective tastes and desires of consumers which influence their choices and decision-making in purchasing goods and services.
Political Logrolling
A practice where politicians exchange favors by supporting each other's proposals or policies.
Vote Trading
An agreement between two or more parties to swap votes on issues of mutual interest, to achieve a desired outcome for both sides.
Efficient
The optimal use of resources to achieve the desired outcome with minimal waste or expense.
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